The daily reference exchange rate was set by the State Bank of Vietnam at 23,897 VND/USD on August 21, down 49 VND from the last working day of previous week (August 18).

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,173 VND/USD and the floor rate 22,783 VND/USD.

At commercial banks, the opening-hour rates also dropped.

At 8:45 am, Vietcombank listed the rates at 23,610 VND/USD (buying) and 23,980 VND/USD (selling), down 60 VND from the end of August 18.

BIDV also reduced both rates by 55 VND, listing the buying rate at 23,665 VND/USD and the selling rate at 23,965 VND/USD.

During the week from August 14 - 18, the daily reference exchange rate was unchanged on the first day of the week and adjusted up on three following days – Tuesday, Wednesday and Thursday. It was adjusted down on Friday and ended the week up 98 VND.